Worried about an expensive mortgage? Check the app I built to plan a mortgage as a series of fixed rate terms and see how a change in interest rate will affect how much you pay.
Hello!
I'm adding more products to Cashable! This time is a Mortgage Planner. What does it do?
Well, you take out a mortgage, say, for 30 years. It's probably not one long period of 30 years with the same interest rate. Most likely you'll have a set of fixed rate periods of 2,3 or 5 years. But an interest rate in those periods might be well different.
So with this mortgage planner you can stress rate your mortgage against a hike in interest rate.
Any feedback? Please, do let me know :-).
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@mikeborozdin A toast to the launch. <3
Genuinely rooting for your success.
Cashable